Rivian Automotive (NASDAQ:RIVN)
Rivian stock has been assigned a Buy rating by Trust Securities.
Rivian stock has just begun to make deliveries, but according to analyst Jordan Levy and his colleagues, the business has been strategically positioning itself, accumulating adequate funding, and building up its vertically-integrated ecosystem for over a decade.
“As Rivian Automotive (NASDAQ:RIVN) pushes through the formidable challenges of ramping four different vehicles in the midst of a historically difficult supply chain backdrop, we believe the market will come to see Rivian stock not only as a successful electric vehicle (EV) manufacturer with a powerful partner in Amazon but also as a leading example of a next-generation diversified mobility tech powerhouse,”
Rivian Automotive’s (NASDAQ:RIVN) partnership with Amazon (AMZN) is, of course, seen as a significant competitive advantage that may help the company survive both large and small competition.
The breadth and depth of Rivian’s leadership team was another vital aspect of Rivian Automotive (NASDAQ:RIVN) that was noted by Trust as a company strength. It is said that RJ Scaringe, the CEO of the company, built the company from the ground up while also assembling a team with expertise spanning the wide variety of business segments that the company operates.
Rivian stock is projected to nearly double where they are now trading, which is implied by Trust’s price objective of $65.
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Trust forecasts that Rivian stock will increase by double as electric vehicle leadership becomes more firmly established.
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Author Shariq Khan 
